1 week Ago By ABMN Staff
Orion Portfolio Solutions LLC grew its holdings in shares of ALLETE, Inc. ( NYSE:ALE – Free Report ) by 84.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission.
The fund owned 5,807 shares of the utilities provider’s stock after purchasing an additional 2,651 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in ALLETE were worth $376,000 at the end of the most recent quarter. A number of other institutional investors and hedge funds have also recently bought and sold shares of the business.
Jones Financial Companies Lllp grew its holdings in shares of ALLETE by 30.9% in the fourth quarter. Jones Financial Companies Lllp now owns 729 shares of the utilities provider’s stock valued at $47,000 after purchasing an additional 172 shares during the period.
Fifth Third Bancorp grew its holdings in shares of ALLETE by 32.9% in the fourth quarter. Fifth Third Bancorp now owns 876 shares of the utilities provider’s stock valued at $57,000 after purchasing an additional 217 shares in the last quarter.
KBC Group NV increased its position in shares of ALLETE by 61.7% during the fourth quarter. KBC Group NV now owns 2,431 shares of the utilities provider’s stock worth $158,000 after acquiring an additional 928 shares during the period.
Wilmington Savings Fund Society FSB acquired a new stake in ALLETE in the 3rd quarter valued at about $282,000. Finally, Yorktown Management & Research Co Inc acquired a new stake in ALLETE in the fourth quarter valued at approximately $305,000. 76.
55% of the stock is currently owned by institutional investors and hedge funds. Wall Street Analysts Forecast Growth Separately, StockNews.com started coverage on ALLETE in a report on Friday, January 10th.
They set a “hold” rating for the company. ALLETE Price Performance Shares of NYSE ALE opened at $64.44 on Wednesday.
The stock has a 50 day moving average of $65.47 and a two-hundred day moving average of $64.96.
ALLETE, Inc. has a twelve month low of $56.66 and a twelve month high of $65.
99. The stock has a market cap of $3.74 billion, a P/E ratio of 20.
79 and a beta of 0.69. The company has a current ratio of 1.
08, a quick ratio of 0.69 and a debt-to-equity ratio of 0.50.
ALLETE ( NYSE:ALE – Get Free Report ) last announced its quarterly earnings data on Tuesday, February 18th. The utilities provider reported $0.87 EPS for the quarter, missing analysts’ consensus estimates of $1.
02 by ($0.15). ALLETE had a return on equity of 5.
97% and a net margin of 11.72%. ALLETE Increases Dividend The business also recently disclosed a quarterly dividend, which was paid on Saturday, March 1st.
Investors of record on Friday, February 14th were paid a dividend of $0.73 per share. The ex-dividend date of this dividend was Friday, February 14th.
This represents a $2.92 dividend on an annualized basis and a dividend yield of 4.53%.
This is a positive change from ALLETE’s previous quarterly dividend of $0.71. ALLETE’s dividend payout ratio (DPR) is presently 94.
19%. ALLETE Profile ( Free Report ) ALLETE, Inc operates as an energy company. The company operates through Regulated Operations, ALLETE Clean Energy, and Corporate and Other segments.
It generates electricity from coal-fired, biomass co-fired / natural gas, hydroelectric, wind, and solar. In addition, the company provides regulated utility electric services in northwestern Wisconsin to approximately 15,000 electric customers, 13,000 natural gas customers, and 10,000 water customers, as well as regulated utility electric services in northeastern Minnesota to approximately 150,000 retail customers and 14 non-affiliated municipal customers. Recommended Stories Want to see what other hedge funds are holding ALE? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for ALLETE, Inc. ( NYSE:ALE – Free Report ). Receive News & Ratings for ALLETE Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ALLETE and related companies with MarketBeat.
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